Peak Token $PKTK

Oath of Peak, a Massively Multiplayer Online Role-Playing Game (MMORPG), employs blockchain technology to enable players' participation in the economic side of MMORPG gameplay. The game is set in a world riddled with mythology and legends, presenting players with the opportunity to assume the role of an adventurer maneuvering through beautifully rendered 3D lands. The in-game economy is powered by their utility token, the Peak Token ($PKTK), which is designed to create a bridge between the game and the broader Web3 ecosystem.

Peak Token ($PKTK) and gPKTK

The utility token, $PKTK, is a vital part of Oath of Peak's in-game economy. It ensures smooth transactions not just within the game, but also maintains a connection with the Web3 ecosystem. The $PKTK token is created on the Polygon Chain and can be exchanged on a 1 to 1 ratio with in-game Peak Tokens (gPKTK), which facilitate the purchase of Shells.

Value of $PKTK

The value of $PKTK is directly associated with the demand for Shells. It's also the only way for players to top up in Oath of Peak by exchanging $PKTK for gPKTK.

Exchange of Shells to gPKTK and $PKTK

In addition to buying Shells with $PKTK, players also have the option to convert Shells into gPKTK, and ultimately to $PKTK. This mechanism has certain restrictions and is further elaborated in the Token Flow section.

Stabilizing the Value of $PKTK

The exchange rate between the $PKTK/gPKTK and Shells provides an indication of the Shell's inflation rate. As more users join Oath of Peak, the production of Shells increases. The exchange rate is adjusted accordingly to stabilize the value of $PKTK and protect it from inflation. This mechanism shields the in-game economy from major external fluctuations by adjusting the exchange rate.

The Peak Token Shop

Players can use gPKTK to purchase items at the Peak Token Shop. This offers another practical use for the in-game currency, enriching the overall gaming experience.